Monthly Archives: September 2016

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Tighter rules on Entrepreneur’s Relief

22nd September 2016

Entrepreneur's Relief enables qualifying business owners to pay less than 10% tax on the closure or sale of their business, and any related property. However, the Finance Bill 2016 which received Royal Ascent earlier this month, has tightened the rules, such that this is now only available where the business owner is no longer associated with the same type of trade for at least 24 months. This particularly affects property development companies, where each development itself is usually just a...